What is the fund for?
The Affordable Housing Innovation Fund supports projects that aim to increase the supply of affordable housing for low income households.
What projects has the Government committed to so far from the fund?
The Government has committed to three projects so far. These are:
- an Affordable Rental Real Estate Management Model (like HomeGround)
- a home sharing model (like HomeShare)
- a co-housing model (like Nightingale Housing).
What other projects are being considered?
Many projects and initiatives were identified over the second half of 2017 as part of the discussion around the development of a new Housing Strategy and from the Housing and Homelessness Summit that was held in October 2017.
These ideas are being assessed and the Government will consider what models and methods for delivery will be the most effective. Additionally the Government welcomes any other innovative ideas that would increase the supply of affordable housing for low income households. If you would like to contact the affordable housing team to discuss your idea, please email email@example.com.